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Question: The rate for individual tutoring is $25/hr and the rate for a group session is $35/hr. Ten students each have a personal demand for the tutoring given by P = 3 - 0.1X, where P is the price they are willing to pay for an hour of tutoring, and X is the number of hours purchased. Five more students each have a personal demand of P = 6 - 0.3X. The rest of the class is not interested in the service
Please draw a graph to illustrate the short-run equilibrium state in money market
Postcard: Bangalore. Hearts set on joining the global economy, Indian IT workers are brushing up on their interpersonal skills. The huge number of Indian workers staffing the world's tech firms and call centers possess cutting edge technology know..
What is the role of government? Explain the microeconomic and macroeconomic policies of the government.
Think the market for new, single family house in Miami. The general demand function for new housing in Miami is anticipated to be Qd =15 - 2P + 0.05M + 0.10R,
the comparative advantage of the U. S., where its absolute productivity advantage is relatively greatest, lies with refrigerators.
Beginning in 1994, environmental regulations have required that gasoline contain a new additive to reduce air pollution. This requirement raised the cost of gasoline. The Bureau of Labor Statistics decided that this increase in cost represented an..
In a two play, one shot simultaneous move game every player can select strategy A, each earns a payoff of $500. If both players choose strategy A,
Think about a firm that you have done business with recently. What industry does this firm belong to? For example, McDonald's is a firm in the fast food industry
Discuss the ethical issues raised in the workplace by differences in sexual identification and orientation. How are these issues impacted by your biblical belie
An University President wants to reduce expenditures on fringe benefits
A. What is the probability that the dealer will be fined? B. What is the probability that the dealership will be dissolved?
The Consumer Price Index in Period 1 is 107.5. It is 103.8 in Period 2. What is the inflation or deflation rate? State answer as a percentage rounded to one decimal place.
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